Susan Turcotte

CPA

Expertise:

Entity taxation
Corporate tax strategies
Deduction optimization

Education:

Bachelors in Accounting, Bryant College in Smithfield RI
Masters in taxation, Bryant College in Smithfield RI

Susan Turcotte, a seasoned Certified Public Accountant (CPA), has more than 45 years of extensive accounting experience. Susan has come a long way in the accounting field and brings a combination of dedication, experience, and humor to her long career. Born and raised in Smithfield, Rhode Island, she laid the groundwork for her illustrious career at Bryant College, where she earned a Bachelor's degree in Accounting, followed by a Master's degree in Taxation.

Susan's career path is as diverse as it is impressive. She has navigated various sectors of the accounting world, including public accounting with several firms and private industry, where she excelled as a controller for several companies. Along with her entrepreneurial endeavors, Susan's passion for accounting never waned as she continued to practice tax work on a part-time basis.

In 2014, Susan began her association with TFX, initially on a part-time basis. Her role quickly evolved into a full-time commitment in 2015, a testament to her adaptability and unwavering dedication to her profession.

Susan's career is a testament to her resilience, adaptability and dedication to the field of accounting. Her extensive experience, coupled with her hands-on involvement in both the corporate and entrepreneurial aspects of accounting, positions her as a respected figure in her field. As she continues her work at TFX, Susan's legacy will be not only in the numbers she crunches but also in the countless individuals and companies she has guided through the complex world of finance.

Articles

121 Home sale exclusion: Rules, requirements, and expat considerations in 2026

The 121 home sale exclusion allows you to exclude up to $250,000 of capital gain – or $500,000 if married filing jointly – when you sell your principal residence. The exclusion is permanent: unlike a deferral, the excluded gain is never taxed. To qualify, you must have owned and used the home as your primary residence for at least two...

Form 8233: Exemption from withholding on compensation for independent personal services of a nonresident alien

Form 8233 is an IRS form that lets a nonresident alien claim an exemption from withholding on qualifying compensation for personal services under an applicable US tax treaty – potentially reducing withholding from the standard treaty withh...

UCITS ETF: withholding tax, PFIC rules, and US estate tax (2026)

A UCITS ETF is a European Union-regulated exchange-traded fund, most commonly domiciled in Ireland or Luxembourg. Irish-domiciled funds generally pay 15% US withholding tax on dividends from US companies, compared to 30% for funds without equivalent treaty access. For US citizens and green card holders, most UCITS ETFs meet th...

FATCA W-9: What the FATCA code on Form W-9 means

Form W-9 is not a personal FATCA tax return. Understanding the FATCA code meaning on this form helps clarify why a foreign bank, broker, or online platform may request Form W-9 to document that an account holder is a US person. Most ind...

Foreign tax credit vs. deduction: which is better? (2026)

If you paid income tax to a foreign country in 2025 and you also owe US federal tax on the same income, you can either claim a foreign tax credit on Form 1116 or take a foreign tax deduction on Schedule A. You cannot do both for the same taxes in the same year. The credit cuts your US tax bill dollar-for-dollar; the deduction only reduc...

Form 8949: How to report capital gains and losses on your 2026 US tax return

Form 8949 is the IRS form used to report sales and other dispositions of capital assets – stocks, bonds, cryptocurrency, real estate, and foreign investments. For tax year 2025 (filed in 2026), many taxpayers who sold an investment will need Form 8949, but some transactions can be reported directly on Schedule D or on a separate s...